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|---|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the members|||||
|Statement|offinancial|activities|(including||income and|||
|expenditure|account)||||||12|
|Statement|offinancial|position|||||13|
|Statement|ofcash flows||||||14|
|Notes to the financial||statements|||||15|
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|Registered|Registered|charity|name|name|Beis Chinuch
Lebonos|Beis Chinuch
Lebonos|Beis Chinuch
Lebonos|Limited||
|---|---|---|---|---|---|---|---|---|---|
|Charity registration|||number||1049458|||||
|Company||registration||number|02831224|||||
|Principal|office and||registered||103 High|Street||||
|office|||||Waltham|Cross||||
||||||EN8 7AN|||||
||||||England|||||
|The trustees||||||||||
||||||N Spitzer|||||
||||||ESpitzer|||||
||||||A Schechter|||||
||||||Rabbi C Teitelbaum|||||
|Company||secretary|||Neil Spitzer|||||
|Auditor|||||Brindley Goldstein||Limited|||
||||||Chartered|accountants||& statutory|auditor|
||||||103 High|Street||||
||||||Waltham|Cross||||
||||||Herts|||||
||||||EN8 7AN|||||
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|||||2023|2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted||||
|||||funds|Total|funds|Total funds|
||||Note|||8||
|Income and endowments||||||||
|Donations
and legacies|||5|4,181,135|4,181,135||4,207,908|
|Charitable
activities|||6|12,399||12,399|7,530|
|Total income||||4,193,534|4,193,534||4,215,438|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations||and legacies|7|11,232||11,232|36,574|
|Expenditure
on charitable|activities||8,9|4,178,733|4,178,733||4,161,246|
|Total expenditure||||4,189,965|4,189,965||4,197,820|
|Net income and net movement||in funds||3,569||3,569|17,618|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||54,609||54,609|36,991|
|Total funds carried forward||||58,178||58,178|54,609|
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|31August 202|3||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|||
|Fixed assets|||||||
|Intangible
assets||||15|28,410|42,105|
|Tangible fixed assets||||16|111,535|116,340|
||||||139,945|158,445|
|Current assets|||||||
|Debtors||||17|532,297|517,623|
|Cash at bank and|in hand||||68,976|57,122|
||||||601,273|574,745|
|Creditors: amounts||falling|due within one year|18|657,916|640,408|
|Net current liabilities|||||56,643|65,663|
|Total assets less|current||liabilities||83,302|92,782|
|Creditors: amounts||falling|due after more than one year|19|25, 124|38,173|
|Net assets|||||58,178|54,609|
|Funds ofthe charity|||||||
|Unrestricted
funds|||||58,178|54,609|
|Total charity funds||||23|58,178|54,609|
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|||||2023|2022|
|---|---|---|---|---|---|
||||||6|
|Cash flows from operating||activities||||
|Net income||||3,569|17,618|
|Adjustments
for:||||||
|Depreciation
oftangible
fixed||assets||27,639|31,136|
|Amortisation
of intangible assets||||13,695|13,695|
|Government
grant income||||(7,500)||
|Interest payable
and similar|charges|||16,953|11,740|
|Accrued (income)/expenses||||(532,297)|5,100|
|Changes
in:||||||
|Trade and other debtors||||517,623|(159,388)|
|Trade and other creditors||||17,758|172,969|
|Cash generated
from operations||||57,440|92,870|
|Interest paid||||(16,953)|(11,740)|
|Net cash from operating
activities||||40,487|81,130|
|Cash flows from investing|activities|||||
|Purchase oftangible assets||||(22,834)|(12,569)|
|Purchase ofintangible
assets|||||(5,100)|
|Net cash used
in investing|activities|||(22,834)|(17,669)|
|Cash flows from financing||activities||||
|Proceeds from borrowings||||(10,000)|(10,000)|
|Government
grant income||||7,500||
|Payments
offinance lease|liabilities|||(3,299)|(3,299)|
|Net cash used
in financing|activities|||(5,799)|(13,299)|
|Net increase
in cash and|cash equivalents|||11,854|50,162|
|Cash and cash equivalents||at beginning|ofyear|57,122|6,960|
|Cash and cash equivalents||at end ofyear||68,976|57,122|
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||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2023|Funds|2022|
||||E|E|F|E|
|Donations|||||||
|Donations|||689,295|689,295|965,693|965,693|
|Child Care|Fees||2,276,647|2,276,647|2,224,772|2,224,772|
|Grants|||||||
|Grants funding||receivable|1,207,693|70,400|1,017,443|1,017,443|
|Government|grant income||7,500|7,500|||
||||4,181,135|4,181,135|4,207,908|4,207,908|
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|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds||2023|Funds||2022|
|||E||E|E|||
|Rental|income|12,399||12,399|7,530||7,530|
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|Costs|of|raising|donations
and|legacies||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||||Funds||2023|Funds||2022|
|||||||E|||E|
|Costs|of|raising|donations|11,232||11,232|36,574||36,574|
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|8.|Expenditu|re||on charitable|activities|by fund type||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
f|2023
F|Funds
6|2022|
||Charitable||activities|||2,079,789|2,079,789|2,200,019|2,200,019|
||Support costs|||||2,098,944|2,098,944|1,961,227|1,961,227|
|||||||4,178,733|4,178,733|4,161,246|4,161,246|
|9.|Expenditure|||on charitable|activities|by activity type||||
|||||||Activities||||
|||||||undertaken|Support|Total funds|Total fund|
|||||||directly
f|costs|2023
6|2022
F|
||Charitable|activities||||2,079,789|2,090,244|4,170,033|4,152,546|
||Governance||costs||||8,700|8,700|8,700|
|||||||2,079,789|2,098,944|4,178,733|4,161,246|
|10.|Analysis|ofsupport costs||||||||
||||||||Analysis of|||
||||||||support costs|||
||||||||activity|Tota I 2023|Total 2022|
||||||||6|6|6|
||Staff costs||||||2,090,244|2,090,244|1,952,526|
|11.|Net income|||||||||
||Net income||is|stated after charging/(crediting):||||||
|||||||||2023|2022|
|||||||||6|F|
||Amortisation||of intangible
assets|||||13,695|13,695|
||Depreciation||oftangible fixed||assets|||27,639|31,136|
||Operating|lease rentals|||||||23,808|
|12.|Auditors|remuneration||||||||
|||||||||2023
f|2022|
||Fees payable|||for the audit ofthe financial statements||||8,700|8,700|
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|Staff co|sts||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The total|staff costs|and||employee|||benefits for the reporting|||period are analysed
as||follows:|
||||||||||||2023|2022
f|
|Wages and salaries|||||||||||2,090,244|1,952,526|
|Employer|contributions|||to|pension||plans||||13,572|5,331|
||||||||||||2,103,816|1,957,857|
|The average
head||count|||of|employees||during|the year|was|294 (2022: 304).|The average|
|number offull-time||equivalent||||employees||during the year is||analysed as follows;|||
||||||||||||2023|2022|
||||||||||||No.|No.|
|Number|ofstaff - type||1||||||||294|304|
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|None
of the trustees
(or any
persons
connected
with
them)
benefits from the charity during the year.
Intangible
assets|received
any
remuneration
o|
|---|---|
||Intangible|
||6|
|Cost||
|At 1 September 2022 and 31 August 2023|68,475|
|Amortisation||
|At 1 September 2022|26,370|
|Charge for the year|13,695|
|At 31August 2023|40,065|
|Carrying
amount||
|At 31August 2023|28,410|
|At 31August 2022|42,105|
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|16.|Tangible fixed asset|s||||||
|---|---|---|---|---|---|---|---|
||||Plant and||Motor|||
||||machinery
E||vehicles
f|Equipment|Total
6|
||Cost|||||||
||At 1 September 2022||235,094||40,987|179,888|455,969|
||Additions|||||22,834|22,834|
||At 31August 2023||235,094||40,987|202,722|478,803|
||Depreciation|||||||
||At 1 September 2022||189,545||18,920|131,164|339,629|
||Charge for the year||11,388||5,517|10,734|27,639|
||At 31August 2023||200,933||24,437|141,898|367,268|
||Carrying
amount|||||||
||At 31August 2023||34,161||16,550|60,824|111,535|
||At 31August 2022||45,549||22,067|48,724|116,340|
|17.|Debtors|||||||
|||||||2023|2022|
||||||||F|
||Trade debtors|||||235,000|517,533|
||Prepayments
and accrued income|||||297,297||
||Other debtors||||||90|
|||||||532,297|517,623|
|18.|Creditors: amounts|falling due within one year||||||
|||||||2023|2022|
|||||||E|E|
||Bank loans and overdrafts|||||10,824|11,074|
||Trade creditors|||||364,272|275,351|
||Accruals and deferred|income||||8,700|8,700|
||Obligations
under finance leases and hire purchase|||contracts||3,850|3,850|
||Other creditors|||||270,270|341,433|
|||||||657,916|640,408|
|19.|Creditors: amounts|falling due after|more than one year|||||
|||||||2023|2022|
||||||||6|
||Bank loans and overdrafts|||||16,676|26,426|
||Obligations
under finance leases and hire purchase|||contracts||8,448|11,747|
|||||||25, 124|38,173|
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|The total f
as follows:|utur|e
minimum
lease payments
under finance le|ases and hire purchase
co|ntracts are|
|---|---|---|---|---|
||||2023
f|2022
f|
|Not later than||1 year|3,850|3,850|
|Later than|1 year and not later than 5years||8,448|11,747|
||||12,298|15,597|
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|The amounts|recog|nised
in the financi|al statements
for governm|ent
grants are as follo|ws:|
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|6|
|Recognised|in income from donations||and legacies:|||
|Government|grants|income||7,500||
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|Unrestri|cted
funds||||||||
|---|---|---|---|---|---|---|---|---|
||||At|||||At|
|||1|September|||31|August|2|
||||2022|Income|Expenditure||023||
||||F|F|6||6||
|General|funds||54,609|4,193,534|(4,189,965)||58,178||
||||At|||||At|
|||1|September|||31|August|20|
||||2021
f|Income
6|Expenditure
F||F|22|
|General|funds||36,991|4,215,438|(4,197,820)||54,609||
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|Analysis|of net as|se|ts between
funds|||
|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|
|||||Funds|2023|
|||||E|6|
|Tangible|fixed assets|||139,945|139,945|
|Current|assets|||601,273|601,273|
|Creditors|less than|1|year|(657,916)|(657,916)|
|Creditors|greater than||1 year|(25,124)|(25,124)|
|Net assets||||58,178|58,178|
|||||Unrestricted|Total Funds|
|||||Funds|2022|
|Tangible|fixed assets|||158,445|158,445|
|Current assets||||574,745|574,745|
|Creditors|less than|1|year|(640,408)|(640,408)|
|Creditors|greater than||1 year|(38,173)|(38,173)|
|Net assets||||54,609|54,609|
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|Analy|sis ofchang|es
in net debt||||
|---|---|---|---|---|---|
||||At||At|
||||1 Sep 2022|Cash flows|31Aug 2023|
||||5|6||
|Cash|at bank and|in hand|57,122|11,854|68,976|
|Debt|due within one year||(14,924)|250|(14,674)|
|Debt|due after one|year|(38,173)|13,049|(25,124)|
||||4,025|25,153|29,178|
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